For Each Transaction Provided in Items , Select the Proper

Multiple Choice

For each transaction provided in items , select the proper section of the statement of cash flows in which it should be reported using the indirect method from the reporting categories provided in a through h below.If the item is not required to be reported on the statement of cash flows, place an 'X' in the space provided.
-Recognized loss on the sale of equipment

A) Cash flows from operating activities-will be added to net income
B) Cash flows from operating activities-will be subtracted from net income
C) Cash flows from investing activities-increase as a result of cash inflows
D) Cash flows from investing activities-decrease as a result of cash outflows
E) Cash flows from financing activities-increase as a result of cash inflows
F) Cash flows from financing activities-decrease as a result of cash outflows
G) Disclosed as a non-cash transaction in the notes
H) Appears in operating activities only under the direct method